Costs
Pages 68–82 (15 pages)
Text on page 71
Volume-Weighted Average Battery Pack Price & Range by Region and Sector Real 2025 $ per kilowatt-hour
Source: Data from BloombergNEF Distinguished Partner).
Chinese manufacturers continue to lower their underlying costs and selling prices, but also remain in a state of intense price competition, depending on the sector.
China is making heavy use of low-cost LFP, as is the global BESS industry.
Prices in North America are affected by tariffs. A growing focus on domestic supply chains gives North American and European battery manufacturers greater negotiating leverage, allowing them to command higher prices from domestic customers.
The price gap between sectors/applications continues to narrow.
Extracted from the PDF; charts and images may read imperfectly.
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